by David Torrillo | Mar 24, 2020 | Employee Benefit Plans, News and Press Releases, Retirement - 401(k), 403(b)
As noted in the AICPA’s Center for Plan English Accounting, Consequences of COVID-19 Financial Reporting Considerations, the coronavirus pandemic (COVID-19) is a human tragedy. We all hope that the effects will be behind us soon, but the disruption and impact is...
by David Torrillo | Mar 19, 2018 | Employee Benefit Plans, News and Press Releases
Torrillo & Associates, LLC was recently featured on PICPA – CPA Conversations. CPAs auditing employee benefit plans are dealing with a lot of standards, including SAS No. 132 and FASB ASU No. Read...
by David Torrillo | Mar 13, 2017 | Employee Benefit Plans, News and Press Releases
The Board issued in March 2017 Accounting Standards Update (ASU) (ASU) No. 2017-07, Compensation—Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost to improve the presentation of...
by David Torrillo | Feb 27, 2017 | Employee Benefit Plans, News and Press Releases
In February 2017, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2017-06, Plan Accounting: Defined Benefit Pension Plans (Topic 960), Defined Contribution Pension Plans (Topic 962), Health and Welfare Benefit Plans (Topic...
by David Torrillo | Dec 1, 2016 | Employee Benefit Plans, News and Press Releases
As reported by Thomson Reuters, December 1, 2016, with no debate, a unanimous FASB on November 30, 2016, approved a recommendation from its Emerging Issues Task Force (EITF) to amend U.S. Read...
